Markets
Nikkei breaches 59,000 after early rate hike prospect wanes, Nvidia results
- The benchmark Nikkei 225 Index rose 1.2% to 59,295.93 in early trading
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TOKYO: Japan’s Nikkei share average surpassed the 59,000 mark for the first time on Thursday, breaking a record set in the previous session, over waning expectations of an imminent Bank of Japan rate hike and robust results from chipmaker Nvidia.
The benchmark Nikkei 225 Index rose 1.2% to 59,295.93 in early trading.
The broader Topix climbed 1.2% to 3,890.08. So far, the Nikkei is up 16.4% for the year.
There were 126 advances on the Nikkei index against 43 decliners.
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